Crude oil

Crude Oil
Venezuela Launches Blend 22 Crude Exports Ahead of Us Licenses Expiry
Venezuela will launch exports of a new medium crude blend, Blend 22, this month from its Western fields, aiming to maintain oil revenue as U.S. licenses for its…
Crude Oil
Contract With Allseas Takes Vallourec to One of World’s Largest Deepwater Fields
French company Vallourec, a provider of tubular solutions, has secured a significant contract with Allseas to supply line pipes for the Búzios 10 offshor…
Crude Oil
MODEC Secures Exxonmobil Contract for Hammerhead FPSO in Guyana
MODEC, a global leader in offshore floating solutions, has secured a contract from ExxonMobil Guyana Limited to develop a Floating Production, Storage, and Offl…
Crude Oil
Chevron and TotalEnergies Flow First Oil & Gas From Gulf of America Project
Chevron, a U.S.-based energy company, and TotalEnergies, headquartered in France, have initiated oil and gas production at the Ballymore deepwater project in th…
Crude Oil
U.S. Crude Production Rose by 2% in 2024, Mostly From Permian, EIA Finds
In 2024, U.S. crude oil production increased by 270,000 barrels per day (bpd), reaching an average of 13.2 million bpd, according to the U.S. Energy Information…
Oil Price
Azerbaijani Oil Moves up in Price
On April 18, the price of Azerbaijan’s Azeri Light crude oil, delivered on a CIF basis to the Italian port of Augusta, rose by $0.88, a 1.28 percent incre…
Crude Oil
Qatar Raises June Term Price for Al-Shaheen Oil, Sources Say
QatarEnergy has raised the term price for al-Shaheen crude oil for June-loading cargoes, setting it at a $1.76 per barrel premium above Dubai quotes, according …
Crude Oil
Trio Petroleum Acquires Cash Flow-Positive Oil Assets in Saskatchewan, Canada
Trio Petroleum, a California-based oil and gas company, has finalized the purchase of petroleum and natural gas assets from Novacor Exploration in the Lloydmins…
Crude Oil
China’s Crude Oil Imports Highest Since August 2023 on Iranian Surge
China's crude oil imports in March reached 51.41 million metric tons, equivalent to 12.1 million barrels per day (bpd), according to data released by the Ge…
Crude Oil
Chevron Must Return Venezuelan Oil Before Sanctions Deadline, Sources Say
Chevron Corp. has been directed to return nearly 1 million barrels of oil to Venezuela’s state-owned company, Petroleos de Venezuela SA (PDVSA), affecting…
Crude Oil
USA Crude Flows to China Trickle to Near Zero After Tariff Blitz
The flow of oil from the United States to China, one of the world’s largest importers, is projected to drop significantly due to increasing trade tensions…
Oil & Gas Trade
Venezuela’s PDVSA Suspends Oil Loading Authorizations to Chevron, Sources Say
On Thursday, Venezuela’s state oil company, PDVSA, revoked several authorizations previously granted to U.S.-based Chevron for loading and exporting Venez…
Crude Oil
Venezuela’s Oil Flows Again, After a Week of Panic
Many buyers of Venezuelan oil have resumed loading crude onto tankers after a week-long pause at the country’s ports. This follows U.S. tariffs imposed by…
Crude Oil
Occidental Petroleum Flags Higher Prices for Oil and Gas Production in Q1
On Wednesday, Occidental Petroleum, a U.S. shale company, reported that prices for its oil and gas production in the first quarter were higher than in the previ…
Crude Oil
India’s Reliance Shuts Crude Unit for 21 Days’ Maintenance, Sources Say
Reliance Industries, a major player in India’s energy sector, has initiated a 21-day maintenance shutdown at its refinery focused on the domestic market, …

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Crude oil

Venezuela Launches Blend 22 Crude Exports Ahead of Us Licenses Expiry

Contract With Allseas Takes Vallourec to One of World’s Largest Deepwater Fields

MODEC Secures Exxonmobil Contract for Hammerhead FPSO in Guyana

Chevron and TotalEnergies Flow First Oil & Gas From Gulf of America Project

U.S. Crude Production Rose by 2% in 2024, Mostly From Permian, EIA Finds

Azerbaijani Oil Moves up in Price

Qatar Raises June Term Price for Al-Shaheen Oil, Sources Say

Trio Petroleum Acquires Cash Flow-Positive Oil Assets in Saskatchewan, Canada

China’s Crude Oil Imports Highest Since August 2023 on Iranian Surge

Chevron Must Return Venezuelan Oil Before Sanctions Deadline, Sources Say

USA Crude Flows to China Trickle to Near Zero After Tariff Blitz

Venezuela’s PDVSA Suspends Oil Loading Authorizations to Chevron, Sources Say

Venezuela’s Oil Flows Again, After a Week of Panic

Occidental Petroleum Flags Higher Prices for Oil and Gas Production in Q1

India’s Reliance Shuts Crude Unit for 21 Days’ Maintenance, Sources Say